December 12, 2013 - Durango Resources Inc. (the "Company") is pleased to announce it has received its 100% interest in approximately 240 hectares of graphite potential ground contiguous to Canada Carbon's historic Miller Graphite Mine property. The recently titled ground, known as Buckshot, is located along the eastern perimeter of Canada Carbon's claims, approximately 70km west of Montreal, near Grenville, Quebec.
Caribou King Resources Ltd. (TSX.V - CCB) CEO, Mr. Bruce Duncan announced today via SEDAR, "Canada Carbon achieves 99.9978% purity by rapid thermal upgrading of miller vein graphite" and "this is important information, because very pure graphite currently sells for much higher prices than less pure graphite material. Moreover, the specific contaminants present can influence the high-technology applications for which the graphite is suitable."
Durango is currently in discussions regarding a Phase I exploration program for the 100% owned Buckshot property adjoining the historic Miller Graphite producing property.
About Durango
Durango is a natural resources company engaged in the acquisition and exploration of mining/exploration properties, mainly for gold and other precious metals. The Company has a 100% undivided interest in the McGillivray Property in British Columbia, the Sol Riche and Tresor Nord/Sud REE properties in Montviel Township in Quebec, the Trove and Descouverte gold properties in the Abitibi of Quebec, the Montpellier and St. Sixte graphite properties in the Grenville region of Quebec, and the Stubble gold property in Saskatchewan.
For further information on Durango, please refer to www.sedar.com.
Marcy Kiesman, Chief Executive Officer
Telephone: 604.428.2900
Facsimile: 888.266.3983
Email: [email protected]
Website: www.durangoresourcesinc.com
Forward-Looking Statements
This document may contain or refer to forward-looking information based on current expectations, including, but not limited to timing of mineral resource estimates, future exploration or project development programs and the impact on the Company of these events. Forward-looking information is subject to significant risks and uncertainties, as actual results may differ materially from forecasted results. Forward-looking information is provided as of the date hereof and we assume no responsibility to update or revise them to reflect new events or circumstances. For a detailed list of risks and uncertainties, as it relates to Durango Resources Inc., please refer to the Company's Prospectus filed with SEDAR.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.